Anchorage Digital acquires Mountain Protocol
Aims to strengthen regulated stablecoin offerings
Expands Anchorage’s role in the crypto banking space
Anchorage Digital Expands with Mountain Protocol Acquisition
Anchorage Digital, a leading crypto bank and custodian, has taken a strategic step in the stablecoin sector by acquiring Mountain Protocol, the issuer of the USDM stablecoin. This move aims to deepen Anchorage’s footprint in regulated digital assets while positioning the company to offer more robust and compliant stablecoin solutions.
Mountain Protocol is known for USDM, a yield-bearing, fully-backed U.S. dollar stablecoin regulated in Bermuda. Its appeal lies in its structure, offering both compliance and passive yield to holders. With Anchorage now at the helm, the future of USDM looks set to be integrated into a broader institutional framework.
Why This Acquisition Matters
Stablecoins have become central to the crypto economy, serving as a bridge between traditional finance and blockchain ecosystems. By acquiring Mountain Protocol, Anchorage Digital signals its intent to lead in the regulated stablecoin arena — a space that’s becoming more competitive and heavily scrutinized by regulators.
This acquisition allows Anchorage to offer clients access to a trusted, yield-generating stablecoin, while aligning with its core mission of building a safe and regulated digital asset infrastructure.
Diogo Mónica, co-founder of Anchorage Digital, highlighted that this move will help bring more transparency and institutional trust to the stablecoin market — especially as regulatory pressure mounts globally.
LATEST: Anchorage Digital acquires $USDM issuer Mountain Protocol to expand its stablecoin offerings. pic.twitter.com/tlClbiNJr0
— Cointelegraph (@Cointelegraph) May 13, 2025
A Growing Role in Crypto Banking
Anchorage is the only federally chartered crypto bank in the U.S., and it continues to build out its suite of digital financial products. Adding USDM to its offerings further differentiates Anchorage in a crowded field, allowing it to serve both crypto-native institutions and traditional finance players exploring blockchain-based assets.
With this acquisition, Anchorage Digital not only expands its influence but also reinforces its commitment to providing regulated and innovative digital asset solutions.
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